Question
Three Partners Chandra, Shekhar and Azad invested in the
ratio of 3/2, 2/3, 4/3 in a business. After 3 months Chandra decreased his capital by 50%. If the total profit of Rs. 12690 earned at the end of the year, find what was the Chandra’s Share of profit?Solution
Multiply Ratios by (2,3,3 LCM) i.e., 6x 
Total Capital of Chandra in 1 year = 9x × 3 + 4.5x × 9 = 27x+40.5x = 67.5x Total Capital of Shekhar in 1 year = 4x × 12 = 48x Total Capital of Azad in 1 year = 8x × 12 = 96x 
According to the question 67.5 + 48x + 96x = 12690 211.5x = 12690 x = 12690/211.5 = 60 Hence, Share of Chandra = 67.5 × 60 = 4050
Which of the following is true about making of an arbitral award?
Under Indian Penal Code. 1860, when the imprisonment awarded for solitary confinement shall exceed three months, the solitary confinement shall not exce...
What is an "acceptor for honour" in the context of a bill of exchange?
Is there any condition restraining alienation in Transfer of Property Act?
Every prior party to a negotiable instrument is liable thereon to a holder in due course.
A Private company can issue shares through___________
The RTI Act is applicable to which of the following ___________
Does Indian Evidence Act, provide for questions that are lawful to be asked in cross-examination? If yes, under which section?
Which of the following is not true about powers of a president to promulgate an ordinance?
As per the Contract Act what is the liability of person to whom money is paid, or thing delivered, by mistake or under coercion?
Relevant for Exams:
